High Image Industrial
For Sale
$2,000,000
7429 Lampson Ave, Garden Grove, CA 92841
5,000 sq ft industrial condo with renovated office space.
Property Size5,000 SF
Price / SF$400
Days on Market257
Property Features for 7429 Lampson Ave
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Industrial
Building Details
Building Size
5,000 SF
Listing Agency:
Lee & Associates
(714) 564-7112
Listed By:
Hudson Hankins · License #CalDRE #02123031
Source:
Lee-associates
Added: Nov 26, 2025
Changed: Aug 8
Last Checked: Aug 10 at 2:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates
Investment Insights
Based on property information with market context.
This is a 5,000 square foot industrial condo featuring approximately 1,000 square feet of recently renovated office space. The warehouse area includes a bonus steel mezzanine and has a minimum clear height of 18 feet. It is equipped with one 12’x12’ grade-level door. The property is in move-in ready, turn-key condition and offers excellent access to the 22 and 405 Freeways.
Key Highlights
- Move‑In Ready / “Turn‑Key” Condition
- Excellent Access to 22 & 405 Freeways
- ±5,000 Sq. Ft. High Image Industrial Condo
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$77,035
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,540,700
$1.5M
Cap Rate 7%
$1,100,500
$1.1M
Cap Rate 9%
$855,944
$855.9K
Market Conditions
NOI Build-Up for 5,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$95.4K $19.08/SF
− Vacancy
−$4.8K −$0.95/SF
EGI
$90.6K $18.13/SF
− OpEx
−$13.6K −$2.72/SF
NOI
$77.0K $15.41/SF
Area
Garden Grove, CA
Vacancy
5.00%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,540,700
Cap Rate 7%
$1,100,500
Cap Rate 9%
$855,944
Alternative Uses
Best Use
Warehouse
$1.10M
$962.9K – $1.28M
NOI $77,035 @ 7.0% cap · market cap 3.85%
Second Best
Industrial
$906.3K
$793.0K – $1.06M
NOI $63,441 @ 7.0% cap · market cap 3.17%
Theoretical Best
Office A
$1.56M
$1.37M – $1.83M
NOI $109,536 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,935
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92841, CA
34,376
Population
9,813
Households
3.5
Avg Household Size
39
Median Age
22%
College-Educated
75%
High-School Grad
4.6 sq mi
ZIP Area
7,473
Density / Sq Mi
$81,975
Median Household Income
$36,900
Median Earnings
$1,983
Median Rent
$766,400
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - 5,000 sq ft industrial condo with renovated office space.
Where is this flex space located?
The property is located at 7429 Lampson Ave Garden Grove, CA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Move‑In Ready / “Turn‑Key” Condition; Excellent Access to 22 & 405 Freeways; ±5,000 Sq. Ft. High Image Industrial Condo
